Panattoni Development Company, Inc. and Hillwood Investment Properties have broken ground on a +/-482,000 square foot speculative warehouse distribution facility as Phase II of the 150 acre South 15 Airport Park in the west Henderson area. The South 15 Airport Center is a master-planned business park on Executive Airport Drive, located directly east of the Henderson Executive Airport and approximately one mile from the interchange of I-15 and St. Rose Parkway. The project is already home to a 320,000 square foot FedEx Ground facility, which was Phase I of the park. Neighbors include the Levi Strauss fulfillment center, Maverick Airlines, Southwest Gas Training & Operations Center, Cox Communications, Cashman (CAT) Equipment and the M Resort & Casino, to name a few. The Class A distribution building will include the following features: high image design, cross-dock configuration, 36′ clear height, LED light fixtures, dock and grade level loading positions, ample car and trailer parking. The Panattoni/Hillwood partners are planning for project completion by the fourth quarter of 2016.
Phase III at South 15 Airport, set to begin in approximately the 3Q of 2017 but it will start sooner if first building lease-up goes well, will include the introduction of over 680,000 square feet across four industrial distribution buildings ranging in size from 91,000 square feet to 200,000 square feet. These buildings can be offered both for sale or lease.
The Colliers International industrial team of Dan Doherty, SIOR, Susan Borst, SIOR, CCIM, Chris Lane and Jerry Doty represent the owners of the planned industrial development.
According to the Colliers Doherty Industrial team, “Logistically, the South 15 Airport Center is viewed as a new emerging submarket in an ideal and superior location, given access to the neighboring FedEx Ground facility and its proximity of only ±30 miles to the California border, where the majority of incoming product arrives from daily.”
Panattoni partner Doug Roberts added,” we are excited to continue the growth of the west Henderson industrial market and look forward to building a world-class park to serve the south end of the Valley.”